A majority of the industry responding to the SFC’s proposal on “enhancing industry regulation” were against introducing the fee-based model in Hong Kong.
Tag: Hong Kong
Singapore’s iFast hits $5.26bn in AUA
iFast Group’s assets under administration (AUA) was up 19.3% year-on-year as of the end of September, hitting a record high of S$7.16 ($5.26bn), according to the firm’s third quarter results.
Arch rivals HK and SG sign fintech agreement
After years of competing in the fintech space, Hong Kong and Singapore have finally signed a fintech cooperation agreement, according to separate statements from the Hong Kong Monetary Authority (HKMA) and Monetary Authority of Singapore (MAS).
Northbound MRF funds record highest inflow in 13 months
Northbound funds under the Mutual Recognition of Funds (MRF) set another record for net inflows in September, according to data from the State Administration of Foreign Exchange.
Premia Partners joins Hong Kong’s ETF market
The firm received a green light from the Securities and Futures Commission to launch two China-focused ETFs, according to the latest records from the regulator.
Au: ETFs struggle in inefficient HK market
King Au, CEO at Value Partners Group, said ETFs listed in Hong Kong are unattractive to investors because they do not have the advantages of liquidity and low cost.
China AMC and Mirae delist ETFs in HK
ETFs managed by China Asset Management in Hong Kong and Mirae Asset Global Investments are among the products that will be delisted from the Stock Exchange of Hong Kong, according to records from the bourse.
Study: HK fund industry shows slight improvement
Both Hong Kong and Singapore have no fund investment tax but carry some of the highest fund fees globally, according to the Global Fund Investor Experience (GFIE) study by Morningstar.
HK to review fund industry’s tax concerns
The Hong Kong government will be conducting a comprehensive review of the existing tax concessions applicable to the fund industry, according to Paul Chan, Hong Kong’s financial secretary.
HK to conduct review on fund industry’s tax concerns
The Hong Kong government will be conducting a comprehensive review of the existing tax concessions applicable to the fund industry, according to Paul Chan, Hong Kong’s financial secretary.
